News from Kampstra Wealth Management
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The overall rate of inflation has been 5% for the past 12 months. Meanwhile, the average price of a used car is up 30% from a year ago. As the market shifts, some people who bought used cars may learn another key economics lesson: they might owe more for their car than what it’s worth as prices return to historical levels.
Establishing financial wellness metrics has become increasingly important over the last year. The COVID-19 pandemic has created economic hardships for many American families, depleting emergency funds for some and forcing others to take on additional debt to cover necessary expenses. At work, the resulting stress can lead to increased absenteeism, decreased productivity and greater health care costs for plan sponsors.
It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.
better to use my income to pay off debt or save for retirement?” Not all debt should be treated equally. The trick to knowing when to prioritize debt over savings vs. savings over debt lies in whether it’s “good debt” or “bad debt,” as well as the interest rate associated with it.
Whether to use bundled or unbundled service providers is an important decision for your retirement plan. A fully bundled arrangement provides an easy, one-stop shop for services, while unbundling separates functions and uses a third-party administrator (TPA), distinct...
Most of us recognize the importance of creating a thorough, well-reasoned estate plan. But, we may not give adequate thought to choosing the right executor to carry out the provisions of our wills.
In-plan annuities are being revisited as a viable option. Learn about how these products work.
But many victims of identity theft crimes are children. Why?
Their credit typically goes unmonitored! Since most children will not yet
have any credit history, criminals can fraudulently establish a “clean credit
slate” for themselves, which can go unnoticed for years.
You give your time, money, and love to raise your children to be self-sufficient. So, what do you do when your now-adult-child asks for financial aid?
We’re established and active in our community.
The Central Pennsylvania region is our home too and we regularly participate in programs and projects to improve the overall quality of life.
37 S. 5th Street
Gettysburg, PA 17325
Phone (717) 334-0097
Fax (717) 334-9203